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Meta Snatches Three Top OpenAI Researchers

Mark Zuckerberg, CEO of Meta, has hired three researchers from OpenAI to bolster his company’s work on artificial intelligence. This strategic move aims to guide Meta Platforms through its current AI challenges. The social-media corporation brought aboard Lucas Beyer, Alexander Kolesnikov, and Xiaohua Zhai, all of whom previously held positions at OpenAI’s branch in Zurich, as per sources privy to this information. These individuals established OpenAI’s location in Zurich towards the end of last year. Prior to their time at OpenAI, they collaborated closely within Google DeepMind, which is the organization’s artificial intelligence division. A representative from OpenAI verified that the three scientists have departed from the organization. Zuckerberg has been on an intense recruiting drive To correct the company’s AI initiatives following the underwhelming reception of its most recent model, he has sometimes proposed giving researchers up to $100 million to become part o...

Pompliano's $1 Billion Merger Creates ProCap Financial

Investor Anthony Pompliano announced On Monday, it was announced that ProCap BTC, a company specializing in Bitcoin finance, has entered into a final merger agreement with the SPAC known as Columbus Circle Capital. NASDAQ: CCCM ), supported by a Cohen & Company affiliate.

At the closing of the proposed business combination, the combined company will operate as ProCap Financial, with up to $1 billion in bitcoin on its balance sheet.

The entities involved in the suggested deal gathered $516.5 million through equity and $235 million via convertible notes, marking the biggest inaugural fundraising ever for a publicly traded Bitcoin treasury firm.

ProCap Financial intends to leverage its holdings of Bitcoin on the balance sheet to create income and profits via multiple approaches.

ProCap Financial will be headed by Anthony Pompliano who has put money into over 300 privately held businesses.

Source: Press Release

Further information on Columbus Circle Capital Corp

  • Financial details for Columbus Circle Capital Corp I
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